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one dollar and thirty cents to senders in the two trials of the experiment. Potential gains for senders could be …
Persistent link: https://www.econbiz.de/10011115220
Toward the late 1990s, several research groups independently began developing new, related theories in mathematical finance. These theories did away with the standard stochastic geometric diffusion "Samuelson" market model (also known as the Black-Scholes model because it is used in that most...
Persistent link: https://www.econbiz.de/10010708795
Cet article pose les premières bases d’un modèle de marketing sensoriel qui articulerait les concepts d’évocation, d’inférence, et de niveau de stimulation des consommateurs. Nous faisons l’hypothèse que le consommateur doit être suffisamment stimulé pour que le processus...
Persistent link: https://www.econbiz.de/10011072452
This paper presents a model to analyze the consequences of competition in order-flow between a profit maximizing stock exchange and an alternative trading platform on the decisions concerning trading fees and listing requirements. Listing requirements, set by the exchange, provide public...
Persistent link: https://www.econbiz.de/10010861379
We propose a model of seasonal gas markets which is flexible enough to include supply and demand shocks while also considering natural gas as an exhaustible resource. Using US data, we estimate the model’s structural parameters and test economically founded restrictions. We analyze,...
Persistent link: https://www.econbiz.de/10010861387
The question of financing innovative small business is determinant in the current context. Giving the share that they represent in the market, they contribute to increase productivity of the economy. The problems of financing the SME’s are related to the almost intangible specificity of their...
Persistent link: https://www.econbiz.de/10010861399
Persistent link: https://www.econbiz.de/10010861408
Privately informed owners securitizing assets signal positive information by retaining sufficient interest. Signaling provides social benefits, allowing uninformed investors to insure without fearing adverse selection. Instead of signaling, owners of high value assets may prefer a pooling...
Persistent link: https://www.econbiz.de/10010861413
This article examines how the introduction of an ETF replicating a stock index impacts on the liquidity of the underlying stocks when the ETF market involves liquidity providers (LPs). We find that index stock spreads decline, relative to those of non-index stocks, after the introduction of the...
Persistent link: https://www.econbiz.de/10010861453
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